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967497
star this property registered interest false more like this
star this property date less than 2018-09-04more like thismore than 2018-09-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Inheritance Tax: Families more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what consideration they have given to deferring the date that inheritance tax becomes payable on the home of two blood-related joint owners until the death of the second of those two persons. more like this
star this property tabling member printed
Lord Lexden more like this
star this property uin HL9987 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>All individuals benefit from a £325,000 tax free threshold for inheritance tax. On certain assets, inheritance tax can be paid in instalments over a ten-year period. This includes situations where the estate contains a house, provided that the house remains unsold.</p><p> </p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-09-14T11:50:19.97Zmore like thismore than 2018-09-14T11:50:19.97Z
star this property answering member
1091
star this property label Biography information for Lord Bates remove filter
star this property tabling member
4202
unstar this property label Biography information for Lord Lexden more like this
969348
star this property registered interest false more like this
star this property date less than 2018-09-06more like thismore than 2018-09-06
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Debts more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of rising levels of debt among lower income households in recent years; and what plans, if any, they have made to address this issue. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL10178 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>Household debt as a proportion of income is down significantly from its pre-crisis peak, from 160% in Q1 2008 to 140% in Q1 2018.</p><p>The government is working to support those on lower incomes by putting in measures to improve living standards and making it easier to access help with financial matters. The National Living Wage has increased the earnings of the lowest paid full time worker by over £2,000 since 2016, and real household disposable income per person is now 3.4% higher than the start of 2010.</p><p>The government is also setting up a new Single Financial Guidance Body, which will provide consumers with a single point of contact for help with all financial matters, and have a statutory responsibility to improve the public’s financial capability.</p><p>However, we recognise that, despite this action, some people can fall into problem debt. That is why the government-commissioned Money Advice Service is spending over £56m to provide debt advice to at least 530,000 people this year, and we are introducing a breathing space scheme to provide people with unmanageable debt protection from creditor action so they can seek debt advice and enter into a sustainable debt solution.</p>
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-09-14T13:33:54.023Zmore like thismore than 2018-09-14T13:33:54.023Z
star this property answering member
1091
star this property label Biography information for Lord Bates remove filter
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
969347
star this property registered interest false more like this
star this property date less than 2018-09-06more like thismore than 2018-09-06
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Cryptocurrencies more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of reports that the value of crypto-currencies in the United States is falling, and of the potential effects that such a decline might have on the UK blockchain industry. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL10177 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>The Government has not made a formal assessment of any potential implications of recent changes in the value of cryptocurrencies. However, the Government continues to monitor developments in the cryptocurrency market.</p><p>The Chancellor of the Exchequer launched the Cryptoassets Taskforce in March, consisting of HM Treasury, the Bank of England and the Financial Conduct Authority. The Taskforce is considering the risks and potential benefits of cryptoassets and other applications of distributed ledger technology in financial services, as well as assessing what, if any, regulation is required in response. The Taskforce will publish a report in the Autumn.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-09-14T13:34:29.543Zmore like thismore than 2018-09-14T13:34:29.543Z
star this property answering member
1091
star this property label Biography information for Lord Bates remove filter
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
968805
star this property registered interest false more like this
star this property date less than 2018-09-05more like thismore than 2018-09-05
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Construction: VAT more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what steps they are taking to ensure prompt repayment of VAT to small building contractors where zero-rated supplies are made in connection with constructing new housing; and whether they will ensure that HMRC adheres to the 30 day target for refunds unless it has first provided compelling reasons for not doing so. more like this
star this property tabling member printed
The Earl of Lytton more like this
star this property uin HL10089 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>On receipt of a VAT claim return, HMRC will issue an automated refund within 6 working days for the vast majority of customers, including most small business contractors.</p><p> </p><p>Where there is an exception to this automated process and the customer has provided all the required information, HMRC will strive to adhere to the 30 day turnaround. Current performance level is over 95% of refunds issued within 30 days.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-09-14T13:34:46.373Zmore like thismore than 2018-09-14T13:34:46.373Z
star this property answering member
1091
star this property label Biography information for Lord Bates remove filter
star this property tabling member
1864
unstar this property label Biography information for The Earl of Lytton more like this
968803
star this property registered interest false more like this
star this property date less than 2018-09-05more like thismore than 2018-09-05
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Air Passenger Duty: Northern Ireland more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether air passenger duty is applied to flights from Northern Ireland to other parts of the UK; and if so, what plans they have to introduce a rate of 0 per cent. more like this
star this property tabling member printed
Lord Kilclooney more like this
star this property uin HL10087 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>Flights between regions of the UK are subject to the short haul rate of Air Passenger Duty. Under State aid rules, it is not possible to vary tax rates for domestic flights only.</p><p> </p><p>The government has made a number of reforms to reduce the effect of APD on consumers, including exempting children on economy flights. This could save a family of four £52 on a roundtrip within the UK.</p><p> </p><p>Like all taxes, Air Passenger Duty remains under review. In June we closed a call for evidence on ‘VAT, Air Passenger Duty and tourism in Northern Ireland’. It is the government’s intention to report at Budget.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-09-14T13:35:00.397Zmore like thismore than 2018-09-14T13:35:00.397Z
star this property answering member
1091
star this property label Biography information for Lord Bates remove filter
star this property tabling member
657
unstar this property label Biography information for Lord Kilclooney more like this
968785
star this property registered interest false more like this
star this property date less than 2018-09-05more like thismore than 2018-09-05
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Treasury: Families more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government how many HM Treasury policies have been assessed against the Family Test; and whether they will publish any such assessments. more like this
star this property tabling member printed
Baroness Eaton more like this
star this property uin HL10069 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>The government is committed to supporting families. To achieve this, in 2014 we introduced the Family Test, which aims to ensure that impacts on family relationships and functioning are recognised early on during the process of policy development and help inform the policy decisions made by Minsters. There is no requirement for departments to publish the results of assessments made under the Family Test.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-09-14T13:34:08.16Zmore like thismore than 2018-09-14T13:34:08.16Z
star this property answering member
1091
star this property label Biography information for Lord Bates remove filter
star this property tabling member
4184
unstar this property label Biography information for Baroness Eaton more like this
967562
star this property registered interest false more like this
star this property date less than 2018-09-04more like thismore than 2018-09-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Charities: Tax Allowances more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what is the annual cost to the Exchequer of the tax foregone due to tax relief on charity investment income (1) in the last year, and (2) over the last five years; and what is the breakdown of the total cost over the last five years per taxpayer, per year. more like this
star this property tabling member printed
Lord Vinson more like this
star this property uin HL10043 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>Tax relief is available on donations to charity by individuals and organisations, and to charities for their activities, including investment income.</p><p>Information about tax relief on charities’ investment income, and on charitable donations by organisations is not readily available.</p><p>Estimates for tax reliefs on charitable donations by individuals are published in “UK charity tax relief statistics”. The table below is an extract from the latest edition.</p><p>Extract from Table 2<strong>:</strong> Estimates for UK charities tax reliefs. Updated June 2018. Restricted to those reliefs for which accurate figures can be estimated</p><p> </p><table><tbody><tr><td><p>£m</p></td><td colspan="2"><p>Reliefs paid to charities</p></td><td colspan="4"><p>Reliefs paid to individuals</p></td></tr><tr><td><p>Tax Year</p></td><td><p>Gift Aid</p></td><td><p>Gift Aid Small Donations Scheme</p></td><td><p>Inheritance Tax</p></td><td><p>Payroll Giving</p></td><td><p>Gifts of shares and property</p></td><td><p>Higher Rate Relief on Gift Aid</p></td></tr><tr><td><p>2013-14</p></td><td><p>1060</p></td><td><p>10</p></td><td><p>660</p></td><td><p>40</p></td><td><p>60</p></td><td><p>410</p></td></tr><tr><td><p>2014-15</p></td><td><p>1210</p></td><td><p>20</p></td><td><p>700</p></td><td><p>40</p></td><td><p>60</p></td><td><p>480</p></td></tr><tr><td><p>2015-16</p></td><td><p>1300</p></td><td><p>30</p></td><td><p>800</p></td><td><p>40</p></td><td><p>70</p></td><td><p>500</p></td></tr><tr><td><p>2016-17</p></td><td><p>1280</p></td><td><p>30</p></td><td><p>840</p></td><td><p>40</p></td><td><p>70</p></td><td><p>490</p></td></tr><tr><td><p>2017-18</p></td><td><p>1270</p></td><td><p>30</p></td><td><p>860</p></td><td><p>40</p></td><td><p>70</p></td><td><p>490</p></td></tr></tbody></table><p> </p><p> </p>
star this property answering member printed Lord Bates more like this
star this property grouped question UIN HL10042 more like this
star this property question first answered
less than 2018-09-14T11:56:13.667Zmore like thismore than 2018-09-14T11:56:13.667Z
star this property answering member
1091
star this property label Biography information for Lord Bates remove filter
star this property tabling member
1807
unstar this property label Biography information for Lord Vinson more like this
967561
star this property registered interest false more like this
star this property date less than 2018-09-04more like thismore than 2018-09-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Charitable Donations: Tax Allowances more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what is the annual cost to the Exchequer of the tax foregone due to tax relief on charitable donations (1) in the last year, and (2) over the last five years. more like this
star this property tabling member printed
Lord Vinson more like this
star this property uin HL10042 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>Tax relief is available on donations to charity by individuals and organisations, and to charities for their activities, including investment income.</p><p>Information about tax relief on charities’ investment income, and on charitable donations by organisations is not readily available.</p><p>Estimates for tax reliefs on charitable donations by individuals are published in “UK charity tax relief statistics”. The table below is an extract from the latest edition.</p><p>Extract from Table 2<strong>:</strong> Estimates for UK charities tax reliefs. Updated June 2018. Restricted to those reliefs for which accurate figures can be estimated</p><p> </p><table><tbody><tr><td><p>£m</p></td><td colspan="2"><p>Reliefs paid to charities</p></td><td colspan="4"><p>Reliefs paid to individuals</p></td></tr><tr><td><p>Tax Year</p></td><td><p>Gift Aid</p></td><td><p>Gift Aid Small Donations Scheme</p></td><td><p>Inheritance Tax</p></td><td><p>Payroll Giving</p></td><td><p>Gifts of shares and property</p></td><td><p>Higher Rate Relief on Gift Aid</p></td></tr><tr><td><p>2013-14</p></td><td><p>1060</p></td><td><p>10</p></td><td><p>660</p></td><td><p>40</p></td><td><p>60</p></td><td><p>410</p></td></tr><tr><td><p>2014-15</p></td><td><p>1210</p></td><td><p>20</p></td><td><p>700</p></td><td><p>40</p></td><td><p>60</p></td><td><p>480</p></td></tr><tr><td><p>2015-16</p></td><td><p>1300</p></td><td><p>30</p></td><td><p>800</p></td><td><p>40</p></td><td><p>70</p></td><td><p>500</p></td></tr><tr><td><p>2016-17</p></td><td><p>1280</p></td><td><p>30</p></td><td><p>840</p></td><td><p>40</p></td><td><p>70</p></td><td><p>490</p></td></tr><tr><td><p>2017-18</p></td><td><p>1270</p></td><td><p>30</p></td><td><p>860</p></td><td><p>40</p></td><td><p>70</p></td><td><p>490</p></td></tr></tbody></table><p> </p><p> </p>
star this property answering member printed Lord Bates more like this
star this property grouped question UIN HL10043 more like this
star this property question first answered
less than 2018-09-14T11:56:13.587Zmore like thismore than 2018-09-14T11:56:13.587Z
star this property answering member
1091
star this property label Biography information for Lord Bates remove filter
star this property tabling member
1807
unstar this property label Biography information for Lord Vinson more like this
967559
star this property registered interest false more like this
star this property date less than 2018-09-04more like thismore than 2018-09-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Stamp Duty Land Tax more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they have any plans to reform Stamp Duty Land Tax. more like this
star this property tabling member printed
Lord Truscott more like this
star this property uin HL10040 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>The Government reformed Stamp Duty Land Tax on residential properties at Autumn Statement 2014, cutting the tax for 98% of people who pay it, unless they are purchasing additional property.</p><p> </p><p>The Government’s priority is to support first-time buyers. At Autumn Budget 2017, the Government removed Stamp Duty Land Tax for all first-time buyers purchasing properties up to £300,000 with the relief also extending to purchases worth up to £500,000. Since introduction, these changes have benefitted 121,500 households with one million households expected to benefit over the next five years.</p><p> </p><p>The Government keeps all taxes under review as part of the Budget process.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-09-14T11:49:41.707Zmore like thismore than 2018-09-14T11:49:41.707Z
star this property answering member
1091
star this property label Biography information for Lord Bates remove filter
star this property tabling member
3682
unstar this property label Biography information for Lord Truscott more like this
967544
star this property registered interest false more like this
star this property date less than 2018-09-04more like thismore than 2018-09-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Money Laundering: EU Action more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of whether the UK will continue to adopt new EU legislation on anti-money laundering in the event of a no-deal Brexit. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL10027 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>The Sanctions and Anti-Money Laundering Act 2018 provides the Government with the powers to amend and update anti-money laundering and counter-terrorist financing (AML/CTF) regulations post -Brexit. The Government will use these powers to continue implementing the international AML/CTF standards set by the Financial Action Task Force (FATF), and to continue strengthening the UK’s AML/CTF regime.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-09-14T11:48:10.067Zmore like thismore than 2018-09-14T11:48:10.067Z
star this property answering member
1091
star this property label Biography information for Lord Bates remove filter
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this